Storms Ahead!

Storms Ahead! www.watchdogonwallstreet.com

Episode Transcript

Speaker 1 (00:00):
The Watchdog on Wall Street podcast explaining the news coming
out of the complex worlds of finance, economics, and politics
and the impact it we'll have on everyday Americans. Author,
investment banker, consumer advocate, analyst, and trader Chris Markowski.

Speaker 2 (00:16):
Storms Ahead, kids. I'm sorry anybody who think that I
think there's going to be any sort of smooth sailing
for Donald Trump moving forward. Got another thing coming. Okay.
I've been pretty good over the years at calling storms,
corrections issues. Actually took a look at a piece that

(00:37):
I wrote. This is, you know, during COVID in talking
about inflation and the reality of what was haking place
and how everyone was being lied to when it comes
and oh no, it's transitory. No problem here anyway. Anyway,
another ex money manager like myself, Ed Dowd. He has

(01:00):
come out and saying basically the same thing that I've
been talking about, the fact that the economy is not
that great. The books have been cooked. We make fun
of the jobs numbers, we make fun of the government numbers.

(01:20):
When it comes to inflation, we have other inflation number
today you actually take a look at the internals, it's
much much worse for the consumer. Oh, it's benign. It
came in exactly. Yeah, what about the stuff that people
have to use and buy every single day? Real weekly
wage growth going into the election was minus two percent. Again,

(01:48):
that was the same. Actually, that's how when Reagan won,
it was the same at that point in time, and
it was also the same when Bill Clinton won. We
have time manipulation of government statistics. There is government spending
and government hiring to paper over what is a truly

(02:14):
bad economy. And again, this is the same thing that
I have been saying for some time. It's not real
if the government is doing it, government jobs, government spending,
government feeding companies money. That's that's not a vibrant economy.
It's a fugaci Again, this hunky doory type nonsense that

(02:39):
they've been shoving us down a throat is nonsensical. Trump
should get out in front of this as soon as
he possibly can. I mean, I'm talking now, I'm talking now.
I'd be saying, listen, okay, that these ridiculous numbers that
they've been putting out it's not true and actually put
out we might be in a recession, or that's what

(03:00):
I have been saying, we might be in a recession. Already.
What I don't want to see happen is I do
not want to see the you know again a big
you know, fire up the printing press and let's print
our way out of this recession. Because that doesn't help

(03:21):
matters at all. We're just going to end up in
back in the same damn place. This is again something
that Trump needs to deal with. So again, yeah, storms
are ahead. How do you go about dealing with storms?
It's the next question, right, Oh my god, what should
I do? Should I buy this? Should I move my
money out of that?

Speaker 1 (03:41):
Should I do?

Speaker 2 (03:41):
No? No, stop stop trying to time the markets. If
you're buying and you're holding onto high quality companies and
your dollar cost averaging, so what if the market takes
a hit, so two cares, you're just going to own
more of high quality companies at a lower price. Again,

(04:07):
there was also some talk out there saying, oh, you
know this Doge department here with Elon and Vivek, that's
gonna put us into a recession. You know, we might
already be in a recession, but let's just say it's
deeper because of the cuts to government spending.

Speaker 1 (04:24):
So what, who cares?

Speaker 2 (04:27):
Sometimes you have to take two steps backward to take
four or five ten steps forwards. That's what we need
to do. But again, as I see it, bad moon rising,
storms ahead. Watchdog on Wall Street dot Com